6 March 2025 Global Index Futures

  Crude, Gold, Dow, S&P 500 and Nasdaq

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E-Mini Dow

US benchmark equity indexes closed higher on Wednesday as the White House granted a one-month tariff exemption to automakers.

President Donald Trump is exempting automakers from tariffs on Mexico and Canada for a month, and may consider additional relief, CNBC reported Wednesday, citing a White House spokesperson.

Trump's recently announced 25% tariffs against the two nations went into effect Tuesday, while the US government doubled its levy on Chinese imports. Canada and China have announced retaliatory measures.

(News Source: DJN)

Plan A: Long only if market retraced but supported firm above 42, 997. Targets around 43, 218/43, 486.

Plan B: Sell only if market failed to support above 42, 997. Targets around 42, 517/42, 379.

E-Mini S&P500

US stock futures remained stable on Thursday following a rebound in major averages in the previous session, fueled by optimism that the Trump administration would offer additional tariff concessions.

On Wednesday, Trump announced a one-month exemption on auto tariffs for Mexico and Canada.

The White House confirmed that General Motors (+7.2%), Ford (+5.8%), and Stellantis (+9.2%) would receive a one-month delay on tariffs tied to the United States-Mexico-Canada Agreement, alleviating concerns about potential economic repercussions.

This prompted a relief rally on Wall Street, with the Dow and S&P 500 rising by 1.14% and 1.12%, respectively, while the Nasdaq Composite gained 1.46%.

(News Source: Trading Economics)

Plan A: Long only if prices are well supported above 5, 824. Targets around 5, 852 /5, 871.

Plan B: Short if prices failed to support above 5, 824. Targets around 5, 801/5, 783.

E-Mini Nasdaq

In an address to Congress address to Congress late on Tuesday, Trump said further tariffs would follow on April 2, including "reciprocal tariffs" and non-tariff actions aimed at balancing out years of trade imbalances.

That move would follow new 25% tariffs on most imports from Mexico and Canada that took effect on Tuesday, along with a doubling of duties on Chinese goods to 20%.

The ADP National Employment Report revealed a slowdown in U.S. private payrolls growth in February, with an increase of only 77,000 jobs, below the forecast for a gain of 140,000.

Economists surveyed by Reuters are predicting U.S. nonfarm payrolls for February will show a gain of 160,000 jobs when the data is released on Friday.

(News Source: MSN)

Plan A: Long only if market retraced but supported firm above 20,513. Targets are 20, 980/21,123. Place a reasonable stop order based on the assessment of the risk and reward ratio.

Plan B: Short if prices resilient to 20,513. Targets are 20,312/20,013.  Place a reasonable stop order based on the assessment of the risk and reward ratio.

WTI Crude Oil

WTI crude oil futures rose toward $67 per barrel on Thursday, in likely a technical rebound after hitting multi-year lows in the previous session. Some relief came as a US official suggested President Donald Trump may eliminate the 10% tariff on Canadian energy imports that comply with trade agreements. However, sentiment remained bearish due to concerns over the impact of US tariffs and OPEC+’s decision to boost output. Tariffs and retaliatory measures could slow global growth and weaken oil demand. Meanwhile, EIA data showed US crude inventories rose more than expected, adding to oversupply concerns. Signs of weakening US oil demand also emerged, with waterborne crude imports hitting a four-year low in February, driven by fewer Canadian shipments to the East Coast.

(News Source: Tradingeconomics)

Plan A: Consider short if market rebounded but resilient to 66.40. Targets are 65.71/64.40.

Plan B: Long only if prices retraced but supported firm above 66.40. Targets are 68.11/69.29.

US Gold

Gold prices edged lower on Wednesday despite a lower dollar as investors held back from making large bets ahead of the release of U.S. payrolls data later this week, although trade war jitters kept prices above the key level of $2,900 per ounce.

Spot gold was down 0.1% at $2,913.99 an ounce as of 01:41 p.m. EST (1841 GMT). U.S. gold futures settled 0.2% higher at $2,926.

Concerns about U.S. President Donald Trump's tariff measures have driven up the prices of safe-haven gold to 11 record highs this year, peaking at $2,956.15 on February 24, and culminating in an overall year-to-date gain of 11%.

(News Source: Tradingeconomics)

Plan A: Short only if market resilient to 2,935. Targets are 2,904/2,888.

Plan B: Consider long only if market retraced but supported firm above 2,888. Targets at 2,904/2,935.

Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com, mining.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of the investment.